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Alliance Healthcare Group (SGX:MIJ) Return-on-Tangible-Equity : 3.61% (As of Dec. 2024)


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What is Alliance Healthcare Group Return-on-Tangible-Equity?

Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Alliance Healthcare Group's annualized net income for the quarter that ended in Dec. 2024 was S$0.58 Mil. Alliance Healthcare Group's average shareholder tangible equity for the quarter that ended in Dec. 2024 was S$16.19 Mil. Therefore, Alliance Healthcare Group's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2024 was 3.61%.

The historical rank and industry rank for Alliance Healthcare Group's Return-on-Tangible-Equity or its related term are showing as below:

SGX:MIJ' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -0.34   Med: 17.64   Max: 97.56
Current: -0.34

During the past 9 years, Alliance Healthcare Group's highest Return-on-Tangible-Equity was 97.56%. The lowest was -0.34%. And the median was 17.64%.

SGX:MIJ's Return-on-Tangible-Equity is ranked worse than
72.11% of 570 companies
in the Healthcare Providers & Services industry
Industry Median: 9.755 vs SGX:MIJ: -0.34

Alliance Healthcare Group Return-on-Tangible-Equity Historical Data

The historical data trend for Alliance Healthcare Group's Return-on-Tangible-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Alliance Healthcare Group Return-on-Tangible-Equity Chart

Alliance Healthcare Group Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only 17.64 11.84 20.89 12.44 4.30

Alliance Healthcare Group Semi-Annual Data
Jun16 Jun17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 22.80 1.97 12.32 -4.14 3.61

Competitive Comparison of Alliance Healthcare Group's Return-on-Tangible-Equity

For the Medical Care Facilities subindustry, Alliance Healthcare Group's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Alliance Healthcare Group's Return-on-Tangible-Equity Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Alliance Healthcare Group's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Alliance Healthcare Group's Return-on-Tangible-Equity falls into.


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Alliance Healthcare Group Return-on-Tangible-Equity Calculation

Alliance Healthcare Group's annualized Return-on-Tangible-Equity for the fiscal year that ended in Jun. 2024 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Jun. 2024 )  (A: Jun. 2023 )(A: Jun. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Jun. 2024 )  (A: Jun. 2023 )(A: Jun. 2024 )
=0.72/( (17.218+16.265 )/ 2 )
=0.72/16.7415
=4.30 %

Alliance Healthcare Group's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2024 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Dec. 2024 )  (Q: Jun. 2024 )(Q: Dec. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Dec. 2024 )  (Q: Jun. 2024 )(Q: Dec. 2024 )
=0.584/( (16.265+16.111)/ 2 )
=0.584/16.188
=3.61 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is two times the semi-annual (Dec. 2024) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Alliance Healthcare Group  (SGX:MIJ) Return-on-Tangible-Equity Explanation

Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.


Be Aware

Net Income is used.

Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.


Alliance Healthcare Group Return-on-Tangible-Equity Related Terms

Thank you for viewing the detailed overview of Alliance Healthcare Group's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


Alliance Healthcare Group Business Description

Traded in Other Exchanges
N/A
Address
25 Bukit Batok Crescent, No.07-12 The Elitist, Singapore, SGP, 658066
Alliance Healthcare Group Ltd is an investment holding company. The segments of the company involve General Practitioner ("GP") clinic services, Specialist care services, Pharmaceutical services, Managed healthcare solutions; and Mobile and digital health services. It generates maximum revenue from the GP clinic services segment. The GP clinic services segment is in the business of the provision of primary healthcare medical services by general practitioners. Geographically, it derives a majority of revenue from Singapore and also has a presence in Europe and the Asia Pacific Region.

Alliance Healthcare Group Headlines

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